Staff of cash management firm make away with Rs 1.3 crore meant to be deposited in ATMs

BENGALURU: A cash management company, Hitachi Payment Services Pvt Ltd, has been hit by a massive fraud, allegedly involving its employees, just months after a similar incident at CMS Info Systems company. Two teams of employees, one with four members and another with three, allegedly stole Rs 1.37 crore meant to be deposited into SBI and Axis Bank ATMs in the city.

The scam came to light when the company officials realised that the money had not been deposited into the ATMs. The accused employees, including Praveen, Dhanshekhar, Ramakka, Harish Kumar and Varun, had been working with Hitachi Payment Services, handling cash deposits for ATMs.

According to the complaint, the first team stole Rs 50 lakh, while the second team stole Rs 80 lakh. The incident occurred on January 19, and a case has been registered at Koramangala police station. The police are investigating and searching for the accused employees.

The company had instructed the employees to deposit the cash into ATMs located in various parts of the city, but they allegedly made off with the money instead. The incident has raised concerns about the security measures in place at the company and the ATMs.

Mithun, an official from Hitachi Payment Services, filed a complaint with the police, stating that the employees had been entrusted with the responsibility of depositing the cash into the ATMs, but they had misappropriated the funds. The police have registered a case and are investigating the matter.

The incident is similar to a previous scam that occurred at CMS company in November 2025, where employees stole a large amount of cash. The police are investigating the latest incident and trying to track down the accused employees.